On July 30, D-Wave Quantum Inc. rose 5.62% in regular trading, trading at $17.297 per share, with turnover of $101 million.

On the news front, the stock had previously surged over 18% after announcing an expanded quantum computing partnership with telecom giant AT&T, but subsequently experienced two consecutive days of sharp pullback with a cumulative decline exceeding 15%. Benchmark recently initiated coverage on the stock with a Buy rating and a $30 price target, stating that the current period represents a critical juncture for quantum computing technology achieving widespread commercial recognition.

Under the expanded agreement, AT&T will further integrate D-Wave's quantum annealing technology into its network operations tools, supporting agentic AI solutions across network planning, traffic management, and fault diagnostics. AT&T previously used D-Wave's technology to reduce task processing time from approximately one hour to under 15 seconds. Additionally, B. Riley maintains a Buy rating with a $40 target price, while Mizuho holds a $35 target. The company is scheduled to report Q2 earnings on August 6 before market open, with consensus EPS estimate at -$0.12.

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